Biofuel Development

Priority Lines of Action:

• Assess the economic viability of fostering biofuels. Analyze the feedstock availability and costs of production; assess the potential for developing domestic or regional biofuel markets, taking full consideration of environmental and social benefits and risks.
• Provide country-level policy assistance in support of biofuel development. Help to remove barriers and introduce policies and financial instruments that facilitate the development of domestic markets, promote access to international markets, and mitigate adverse social and environmental impacts.
• Finance biofuel programs. Provide lending for feedstock development, biofuel production facilities, and related infrastructure.
• Finance the adaptation of new and emerging biofuel technologies. Develop financial instruments to test and demonstrate the efficacy of new technologies, including loans to pilot programs, and the commercialization of new technologies and innovations. Provide support to networks or centers of knowledge.